Good Debt Vs. Bad Debt – Episode 078

Summary:

What’s the difference between good and bad debt? When do you want to prepay a loan? Should your investment strategy be the same for an investment property and a property you live at (your home)? What is a good interest rate? When should you take out loans? Let best-selling author Kim Butler and co-host Todd Strobel walk you through the answers to these questions and more on this episode of the Prosperity Podcast.

If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!

 

Show Notes:

0:00 Intro

0:40 The Idea of Good Debt Versus Bad Debt

1:03 When to Prepay?

3:56 Is My Strategy the Same for an Investment Property and My Home?

8:50 Pay Attention to Your Interest Rates

9:52 Paying for Your Children’s Education Versus Using a Student Loan

12:11 Other Debt Factors to Consider

14:12 Outro

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